It appears that the Tanzanian minister of agriculture has overreacted to the rumoured South African ban on imports.
Given China’s efforts to diversify its agricultural suppliers, South Africa must strengthen agricultural trade between the two countries.
We do need to focus on the tariffs but we should not ignore other essential interventions for the long-term growth of local agriculture
This could be good for consumers as prices drop.
Better operating conditions and relatively lower interest rates are essentially the supporting factors for machinery sales
China accounts for 11% of all global agricultural imports but South Africa made up only 0.4% of Chinese imports in 2023
Estimates for maize and oilseeds are up, boosting predictions of a recovery year in agriculture
While the recent rains caused damage to infrastructure and in communities, it does more good than bad in agriculture
Optimism about the season ahead and favourable rainfall forecasts through March are the key drivers of the market’s price decline
The aspect of opening new export markets is vital in the current environment of heightened trade friction